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The rise of super-elite law firms: Towards global strategies

Segal-Horn, Susan and Dean, Alison (2011). The rise of super-elite law firms: Towards global strategies. Service Industries Journal, 31(2) pp. 195–213.

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DOI (Digital Object Identifier) Link: http://dx.doi.org/10.1080/02642060802706956
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Abstract

This paper reviews the pressures towards globalisation reshaping the corporate law sector. It uses Yip's [1996] framework of global industry drivers. The dominant view has been that the globalisation potential of the legal industry is low since there are few global legal products and many regulatory differences between markets. However, within the corporate law sector, strong regulatory differences between countries are outweighed by the combined impact of market, competitive and cost drivers. Our evidence shows that the balance of industry drivers is towards there being benefits to the pursuit of global strategies within this sector. In practice, a small number of very large corporate law firms are implementing global strategies in pursuit of specific sources of future competitive advantage. Thus a small 'super-elite' of globalising firms is emerging.

Item Type: Journal Article
Copyright Holders: 2010 Taylor & Francis
ISSN: 1743-9507
Keywords: corporate law firms; globalisation; global strategies
Academic Unit/Department: Open University Business School
Item ID: 20003
Depositing User: Susan Segal-Horn
Date Deposited: 22 Feb 2010 14:40
Last Modified: 06 Jun 2013 07:37
URI: http://oro.open.ac.uk/id/eprint/20003
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